Form 4: Beyond Meat CEO Ethan Brown Reports Stock Transaction
SEC Form 4 Filing
Ethan Brown, CEO of Beyond Meat, reports the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 31, 2024, Ethan Brown, the President and CEO of Beyond Meat, disposed of 3,688 shares of common stock to cover tax obligations.
- The shares were sold at a price of $7.59 per share.
- Following the transaction, Brown directly owns 1,228,067 shares of Beyond Meat common stock.
- Brown also indirectly owns 639,881 shares through the Brown Asset Holding LLC, which is wholly owned by the Ethan Brown 2022 GRAT.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of stock transaction (disposal of shares). |
| 06/04/2024 | Date of signature for the report. |
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